Creditors May Seek $106M From Ex-Heller Partners

Law360, New York (August 11, 2009, 5:47 PM EDT) -- Unsecured creditors of defunct law firm Heller Ehrman LLP said they may go after former firm partners for $106 million in bonuses and other payments the firm made in 2007 and 2008 without sufficient capital while it was struggling to stay afloat.

In a status report filed Friday in the U.S. Bankruptcy Court for the Northern District of California, the official committee of unsecured creditors said it had information that could give rise to valid fraudulent conveyance claims against the firm's lawyers.

It said it uncovered...
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